What is the proper order of application in determining a partner’s revised basis?

Expert Solution

Steps:

1) Firstly held a meeting with the partners to take their mutual consent about the changes.

2) Prepare a new amended partnership deed or supplementary deed.

3) Pay the stamp duty to authorities and requires signature of all the partners, must be notarized.

4) Submit the supplementary deed along with the relevant form to the Registrar of firms.

ekkarill92 answered 2 years ago

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